Have you ever asked a bank to forgive your loan because you couldn’t pay? The chances are that the thought never even crossed your mind because banks are known to be very hard-nosed and demand that you pay them back every penny you owe. That is because you are small fry and they will not even lend you any money unless you provide them with sufficient collateral that can cover the debt and that they can seize if you default.
A new report into Trump’s finances reveal that banks were willing to forgive $287 million in loans that Trump owed them.
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